Sep 24, 2017 Last Updated 2:27 PM, Sep 22, 2017

New Entry From the Editor :

Rio Tinto commits further $3.15 billion to shareholders in buyback programme

Rio Tinto commits further $3.1…

AusBN - Rio Tinto has announced it will distribute a further AUS$3.15 billi...

BHP surges back to profit thanks to increased prices and improved productivity

BHP surges back to profit than…

AusBN- BHP demonstrated a strong financial performance for the last fiscal ...

Toys R Us to trade as usual in Australia despite filing for bankruptcy

Toys R Us to trade as usual in…

AusBN - Toys R Us has confirmed it will continue to operate as normal in Au...

Capital city house prices fall in November

View from Q1 looking northAusBN – Housing in Australia’s capital cities fell in price by an average of 1.5% in November, according to a survey by CoreLogic RP Data.

House prices fell in five out of eight capital cities, led by Melbourne where they fell by 3.5% to a median price of $602,500.

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NSW’s TransGrid leased to consortium

Electric poleAusBN – The 99-year TransGrid lease, incorporating a large part of New South Wales’ electricity network, has been awarded to a consortium of foreign and local investors.

The NSW Electricity Networks consortium offered to pay $10.26 billion for the assets, which the state government is leasing out to raise money for infrastructure investment.

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Construction begins on Brisbane's ‘Spire’

SpireAusBN – Construction has begun on Spire, a $200 million residential tower in Brisbane whose 340 luxury apartments were sold out within months.

The tower is being built between Queen Street and Ann Street in the Brisbane CBD and will have 40 floors, including some underground.

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